![]() Warner Media, formerly known as Time Warner, is leaving Columbus Circle for Related’s 30 Hudson Yards. Well Fargo leads refinancing of Apple campus, Central & Wolf. Barclays finances JP Morgan’s acquisition of Twitter HQ. Its uptown lease for 1.1 million square feet compares with 1.6 million square feet at 60 Wall St. Deutsche Bank finances Related’s refinance of 60 Columbus Circle. The layoffs are part of a drastic downsizing, announced by Deutsche CEO Christian Sewing, to get the bank back on track after a poor performance in its investment banking division.ĭeutsche was slicing its New York digs even before the decision to cut two floors loose at Time Warner Center, which is to be renamed Deutsche Bank Center. Insiders said the brunt of the cutbacks would be in New York and London.Īll hands - reps for both Deutsche and Related as well as the bank’s real estate broker, JLL’s Peter Riguardi - declined to comment. That’s more than a year before the bank announced this month that it would chop 18,000 jobs - representing 20% of its global workforce - by 2022. Shedding two floors in the north tower was permitted under Deutsche’s lease with Related, which was signed in May 2018, sources said. The bank will get the keys in January 2020 but won’t start moving in until 2021. Although the floors contain only about 60,000 square feet of the 1.1 million square feet Deutsche has leased at the Columbus Circle tower, banking and real estate insiders said it could presage future reductions through sublease.ĭeutsche is moving its New York headquarters to Columbus Circle from 60 Wall St. Residents in Columbus Circle and Lincoln Square receive exclusive on-going. The German giant has already returned two floors to landlord Related Companies, sources told Realty Check. 124 West 60th Street, New York, NY 10023 (Columbus Avenue and 60th Street). Schedule a Visit Deutsche Bank Center (60th. Class A office space in Columbus Circle commands roughly 78 per square foot, while Class B office space is priced in the low 60s per square foot. Pickleball courts on track to open near new Penn StationĮmbattled Deutsche Bank is downsizing so fast it’s giving up some of its relocation space at Time Warner Center before it even moves in. Located in Midtown West and next to Central Park, youll find a junior Olympic-sized pool and executive amenities. Office asking rents are roughly on par with the average rent found in the Columbus Circle submarket. 'Make-or-break' vote on 5 WTC postponed after last-minute roadblockĬentral Park Boathouse dining is back - and it's very badįierce Hudson Yards critic admits financial boon to city: 'I got it wrong' Restored 19th Century townhouses, glass office in Meatpacking District set for reveal
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